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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (14415)6/13/2000 3:51:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Wally: Re: "For the foreseeable future, then, expect the board of governors to publicly express concern while they quietly choose to ease off the monetary tiller. Remember, the Federal Reserve seldom waives a flag signaling the end of a period of credit tightening, they simply demonstrate this through the policy choices they make."

He is right. There is a good chance of a do-nothing Fed. come the end of this month and this could give the markets a boost. Fed. is in a tough spot. Probably wants to lay off but, at the same time, does not want to get a facial from rallying equity markets.

Oil and gasoline are the wild card. Higher oil and gasoline prices seem like a recipe for stagflation if they stick.
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